Apply For Small Ticket Size Loan in Bahadurgarh
A Small Ticket Size Loan is a specialized financial product designed to cater to modest financial needs.
Apply For Small Ticket Size Loan
What is Small Ticket Size (STS) Loan?
Are you facing financial challenges related to building a house, purchasing a property, or expanding your business? Perhaps you find yourself in a situation where you require a small loan for personal needs such as family weddings or your children’s education. Aavas introduces the ‘STS (Small Ticket Size) Loan,’ offering a comprehensive solution to meet these modest financial requirements, providing support for amounts up to Rs. 7.5 Lacs. STS Loans are designed for smaller amounts and shorter durations. They are secured against self-occupied residential or commercial properties and are categorized based on the specific purpose for which the loan is taken.
Benefits of Small Ticket Size Loan
Small Ticket Size loan benefits are numerous, making them an attractive option for aspiring homeowners. Here are some key advantages.
Lower Loan Amounts
Small Ticket Size Loans cater to smaller financial requirements, allowing you to borrow an amount that precisely matches your needs.
Quick Access to Funds
These loans offer a streamlined application and approval process, ensuring swift access to the funds you require.
Take The First Step Towards Financial Freedom a Small Ticket Size Loan.
Documents Required for Home Loan
Identity Proof
Your PAN Card is mandatory, and any one of these:
• Passport
• Voter ID
• Aadhar Card
• Driving License
Address Proof
• Passport
• Voter ID
• Aadhar Card
• Electricity bill/ water bill/ telephone bill
• Driving License
Proof of Income
• Salary Slips/Bank Statement/Form 16
• Salary Certificate
Other Documents
• Signed Application Form with Picture
• Cheque For Processing Fee
• Bank Statement of Last 6 Months
Property Documents
• Title Deeds of the Property
• Proof of No Encumbrances on the property
Identity Proof
Your PAN Card is mandatory, and any one of these:
• Passport
• Voter ID
• Aadhar Card
• Driving License
Address Proof
• Passport
• Voter ID
• Aadhar Card
• Electricity bill/ water bill/ telephone bill
• Driving License
Proof of Income
• IT Returns and/or Financial Statements of last 3 years And/or
• Informal Income Documents
Other Documents
• Signed Application Form with Picture
• Cheque For Processing Fee
• Bank Statement of Last 6 Months
• Proof of business existence
Property Documents
• Title Deeds of the Property
• Proof of No Encumbrances on the property
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Frequently Asked Questions
The loan amount for a Small Ticket Size Loan varies, but it is generally a smaller sum tailored to address modest financial requirements. Lenders assess your needs and repayment capacity to determine the specific amount you can borrow.
Interest rates for Small Ticket Size Loans can vary among lenders. It's advisable to compare rates offered by different financial institutions to secure a loan with a competitive and favorable interest rate.
The repayment tenure for Small Ticket Size Loans is usually shorter compared to larger loans. The duration depends on the lender and the specific terms of the loan agreement. Borrowers are encouraged to choose a repayment tenure that aligns with their financial capabilities.
Small Ticket Size Loans are versatile and can be used for a variety of purposes, including home improvements, education expenses, medical emergencies, or any immediate personal requirement. However, it's essential to confirm with the lender regarding the approved purposes for the loan.
Yes, Small Ticket Size Loans are typically secured loans, meaning they require collateral. Borrowers need to provide self-occupied residential or commercial property as security to avail of this loan. The collateral provides security for both the borrower and the lender.
The approval and disbursement process for Small Ticket Size Loans is often quicker compared to larger loans. Once the necessary documents are submitted and the application is processed, funds can be disbursed promptly, providing swift access to the required financial assistance.